Calling All Global Innovators: Keep Up with the Golden Era of I&T

HKSTP heads to LEAP 2024 to fuel the Saudi and Middle East tech boom and spark collaboration
between fast-rising global innovation forces amidst new phase of Belt and Road Initiative

HONG KONG SAR – Media OutReach Newswire – 28 February 2024 Two innovation and technology flagships in Hong Kong, the Hong Kong Science and Technology Parks Corporation (HKSTP) and the Hong Kong Cyberport, are collaborating to co-host the first-ever Hong Kong Pavilion at Saudi Arabia’s largest tech event, “LEAP 2024”, in Riyadh from 4-7 March. The event will showcase 16 cutting-edge technologies from Hong Kong to over 172,000 visitors, symbolising a significant milestone for the Hong Kong I&T industry on the global stage.

Eight forward-looking startups and tech ventures from HKSTP will be featured at the Hong Kong Pavilion, with cutting-edge innovation from sectors such as biotech, healthtech, logistics, AI, robotics, and new energy (refer to Appendix for details of the eight companies). HKSTP aims to establish partnerships with Saudi businesses and inject new energy into the Belt and Road Initiative, which encompasses over 180 countries and international organisations, including the Middle East.

Mr Albert Wong, CEO of HKSTP, stated, “A golden era of innovation and technology is emerging in Hong Kong, the Greater Bay Area, and across Asia, and we see incredible co-innovation potential in the joining of our two ecosystems in Hong Kong and Saudi Arabia. HKSTP’s participation in LEAP 2024 signifies our commitment to leaping into new worlds and embracing the new cradle of global innovation, which is multilateral and impactful. Our mission is to propel success by advancing in the journey from research to commercialisation, from innovation to financial success, for both home-grown and international startups.”

HKSTP is proud to forge strong connections between two of the world’s rapidly rising forces in global innovation. Hong Kong’s vibrant startup scene ranks second in the world and first in Asia among the Top 100 Emerging Ecosystems, with an estimated value of the city’s startup ecosystem at US$70 billion, twice the global average.1 In parallel, the Saudi tech market reached an impressive US$40 billion by the end of 2022, solidifying its position as the largest in the MENA region.2

As part of the LEAP 2024 event, HKSTP will host a high-profile discussion panel focused on the growing biotech and healthtech sectors, which are key areas for collaboration as both Hong Kong and Saudi Arabia have prioritised them as pillars for economic diversification and future growth.

Titled “Hong Kong Healthtech Innovations Driving Global Transformation for Generations to Come” the panel will be moderated by HKSTP’s CEO Mr Albert Wong and feature leaders in the Hong Kong biotech and healthtech innovation scene: Prof Samuel Au, President of Cornerstone Robotics; Mr Chi Man Lam, Founder and CEO of Applied Technology Group; and Dr Zhu Tian, Co-Founder and CEO of GenEditBio.

Saudi Arabia’s Minister of Communication, Information and Technology (MCIT) H.E. Eng. Abdullah Al-Swaha visited Hong Kong Science Park at the “One Gateway Shared Vision – Hong Kong Special Administrative Region x Kingdom of Saudi Arabia” event in July 2023, presenting boundless opportunities for tech companies, start-ups and talent. Supported by MCIT Saudi Arabia, LEAP 2024 shall deepen cooperation of two I&T forces and fortify the Hong Kong-Saudi relations in the Belt and Road region.

For more information on LEAP 2024, please visit:

https://www.hkstp.org/our-community/events-and-happenings/leap-2024/

Hong Kong Pavilion @ LEAP 2024

Date: 4 to 7 March 2024

Venue: Riyadh Exhibition and Convention Centre, Malham, Saudi Arabia (Hall 5 – World Tech)

Booth Number: HKSTP H5.D10 | Cyberport: H5.C10

“Hong Kong Healthtech Innovations Driving Global Transformation for Generations to Come” Panel Session presented by HKSTP

Date: 4 March 2024

Time: 14:40 – 15:20

Venue: Orbital Stage, Hall 5

Data Sources:
[1] https://www.investhk.gov.hk/es/why-hong-kong/whats-happening-hong-kong/a-global-hub-of-innovation-and-technology/#:~:text=According%20to%20the%202023%20Emerging,fundraising%20hub%20for%20biotechnology%20companies.

2 https://www.frost.com/frost-perspectives/unlocking-growth-opportunities-saudi-arabias-booming-ict-sector/#:~:text=According%20to%20The%20Communications%2C%20Space,in%20reshaping%20policies%20and%20regulations

Appendix: HKSTP Park companies participating in LEAP 2024 (arranged in alphabetical order according to company names):

ALcarbo Technology Limited (ALcarbo)

ALcarbo is a biotech company pioneering a sustainable algae photobioreactor system to absorb and neutralise carbon dioxide. At LEAP 2024, Alcarbo will introduce its new carbon-capturing algae reactor.

Applied Technology Group Limited (ATG)

ATG is a healthtech company using cloud computing and big data analytics to develop one-stop healthcare management platforms. ClinicONE, a smart clinic solution for doctors and patients, will be showcased at LEAP 2024.

Cornerstone Robotics Limited (CSR)

CSR is committed to developing practical and innovative solutions and providing high-quality medical devices for users and patients around the world. Sentire Endoscopic Surgical System, a surgical robot developed by CSR, will make its debut in the Middle East at LEAP 2024.

Fano Labs Limited (Fano Labs)

AI expert Fano Labs will introduce Callinter, an AI interaction analytics system, at LEAP 2024. Callinter empowers contact centres to analyse customer interactions and specialises in analysing call recordings in multilingual and mixed language settings.

FJ Dynamics International Limited (FJ Dynamics)

FJ Dynamics is a robotic company providing digital and autonomous solutions for agriculture, construction, and other sectors. At LEAP 2024, FJ Dynamics will be showcasing the three components of its Digital Construction Management Platform – 3D LiDAR Scanner, Digital Construction Machine Control System, and RTK Rover.

Floship Limited (Floship)

Floship is a leading global circular supply chain and fulfilment solution provider for global e-commerce brands and crowdfunding campaigns. First time joining LEAP, Floship will introduce its new warehouse and fulfilment locations across the Middle East and Australia.

Geek Plus International Company Limited (Geek+)

Geek+ is a global leader in reliable mobile robotics and a smart logistics provider. In 2023, Geek+ opened the first robotic e-commerce fulfilment centre in Saudi Arabia with Starlinks. At LEAP 2024, Geek+ will demonstrate how its picking robots maximise warehouse efficiency and boost picking accuracy.

Halo Energy​ Limited (Halo Energy)

Halo Energy is a provider of smart and sustainable electric-vehicle (EV) charging solutions. First time joining LEAP, Halo Energy will showcase its award-winning Active Load Management System, which optimises power distribution to maximise efficiency, along with other charging management platforms.

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 with a mission to position Hong Kong as an international innovation and technology (I&T) hub. HKSTP has created a thriving I&T ecosystem supporting over 10 unicorns with more than 13,000 research professionals and around 1,700 technology companies from 24 countries and regions focused on healthtech, AI and robotics, fintech and smart city technologies.

We offer comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures on their I&T journey. Our growing innovation ecosystem is built around our key locations of Hong Kong Science Park in Shatin, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long. The three InnoParks are realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined for a new generation of industry.

To support Hong Kong’s future development and its growing demands of the I&T industry, HKSTP is actively connecting the city with Shenzhen. This aims to strengthen cross-border exchange, attract technology companies as well as talent from around the world, helping them go global by exploring the mainland China and overseas markets.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen, opened in September 2023 with a gross floor area of 31,000 square meters. The two buildings provide both dry and wet laboratories, co-working areas, conference and exhibition spaces, and more. We will focus on attracting enterprises in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability.

Through our infrastructure, services, expertise, and network of partnerships, HKSTP will help establish I&T as a pillar of growth for Hong Kong, while reinforcing the city’s international I&T hub status as a launchpad for growth at the heart of the GBA innovation powerhouse.

More information about HKSTP is available at www.hkstp.org.

Media Contact:  
HKSTP

Gloria Ip

Tel: +852 2629 6770 / 9215 6251

Email: gloria.ip@hkstp.org

Edelman Public Relations

June Wong

Tel: +852 3756 8623 / 6986 5822

Email: June.Wong@edelman.com/

Edelmanhkstppr@edelman.com

 

Calling All Global Innovators: Keep Up with the Golden Era of I&T

HKSTP heads to LEAP 2024 to fuel the Saudi and Middle East tech boom and spark collaboration
between fast-rising global innovation forces amidst new phase of Belt and Road Initiative

HONG KONG SAR – Media OutReach Newswire – 28 February 2024 Two innovation and technology flagships in Hong Kong, the Hong Kong Science and Technology Parks Corporation (HKSTP) and the Hong Kong Cyberport, are collaborating to co-host the first-ever Hong Kong Pavilion at Saudi Arabia’s largest tech event, “LEAP 2024”, in Riyadh from 4-7 March. The event will showcase 16 cutting-edge technologies from Hong Kong to over 172,000 visitors, symbolising a significant milestone for the Hong Kong I&T industry on the global stage.

Eight forward-looking startups and tech ventures from HKSTP will be featured at the Hong Kong Pavilion, with cutting-edge innovation from sectors such as biotech, healthtech, logistics, AI, robotics, and new energy (refer to Appendix for details of the eight companies). HKSTP aims to establish partnerships with Saudi businesses and inject new energy into the Belt and Road Initiative, which encompasses over 180 countries and international organisations, including the Middle East.

Mr Albert Wong, CEO of HKSTP, stated, “A golden era of innovation and technology is emerging in Hong Kong, the Greater Bay Area, and across Asia, and we see incredible co-innovation potential in the joining of our two ecosystems in Hong Kong and Saudi Arabia. HKSTP’s participation in LEAP 2024 signifies our commitment to leaping into new worlds and embracing the new cradle of global innovation, which is multilateral and impactful. Our mission is to propel success by advancing in the journey from research to commercialisation, from innovation to financial success, for both home-grown and international startups.”

HKSTP is proud to forge strong connections between two of the world’s rapidly rising forces in global innovation. Hong Kong’s vibrant startup scene ranks second in the world and first in Asia among the Top 100 Emerging Ecosystems, with an estimated value of the city’s startup ecosystem at US$70 billion, twice the global average.1 In parallel, the Saudi tech market reached an impressive US$40 billion by the end of 2022, solidifying its position as the largest in the MENA region.2

As part of the LEAP 2024 event, HKSTP will host a high-profile discussion panel focused on the growing biotech and healthtech sectors, which are key areas for collaboration as both Hong Kong and Saudi Arabia have prioritised them as pillars for economic diversification and future growth.

Titled “Hong Kong Healthtech Innovations Driving Global Transformation for Generations to Come” the panel will be moderated by HKSTP’s CEO Mr Albert Wong and feature leaders in the Hong Kong biotech and healthtech innovation scene: Prof Samuel Au, President of Cornerstone Robotics; Mr Chi Man Lam, Founder and CEO of Applied Technology Group; and Dr Zhu Tian, Co-Founder and CEO of GenEditBio.

Saudi Arabia’s Minister of Communication, Information and Technology (MCIT) H.E. Eng. Abdullah Al-Swaha visited Hong Kong Science Park at the “One Gateway Shared Vision – Hong Kong Special Administrative Region x Kingdom of Saudi Arabia” event in July 2023, presenting boundless opportunities for tech companies, start-ups and talent. Supported by MCIT Saudi Arabia, LEAP 2024 shall deepen cooperation of two I&T forces and fortify the Hong Kong-Saudi relations in the Belt and Road region.

For more information on LEAP 2024, please visit:

https://www.hkstp.org/our-community/events-and-happenings/leap-2024/

Hong Kong Pavilion @ LEAP 2024

Date: 4 to 7 March 2024

Venue: Riyadh Exhibition and Convention Centre, Malham, Saudi Arabia (Hall 5 – World Tech)

Booth Number: HKSTP H5.D10 | Cyberport: H5.C10

“Hong Kong Healthtech Innovations Driving Global Transformation for Generations to Come” Panel Session presented by HKSTP

Date: 4 March 2024

Time: 14:40 – 15:20

Venue: Orbital Stage, Hall 5

Data Sources:
[1] https://www.investhk.gov.hk/es/why-hong-kong/whats-happening-hong-kong/a-global-hub-of-innovation-and-technology/#:~:text=According%20to%20the%202023%20Emerging,fundraising%20hub%20for%20biotechnology%20companies.

2 https://www.frost.com/frost-perspectives/unlocking-growth-opportunities-saudi-arabias-booming-ict-sector/#:~:text=According%20to%20The%20Communications%2C%20Space,in%20reshaping%20policies%20and%20regulations

Appendix: HKSTP Park companies participating in LEAP 2024 (arranged in alphabetical order according to company names):

ALcarbo Technology Limited (ALcarbo)

ALcarbo is a biotech company pioneering a sustainable algae photobioreactor system to absorb and neutralise carbon dioxide. At LEAP 2024, Alcarbo will introduce its new carbon-capturing algae reactor.

Applied Technology Group Limited (ATG)

ATG is a healthtech company using cloud computing and big data analytics to develop one-stop healthcare management platforms. ClinicONE, a smart clinic solution for doctors and patients, will be showcased at LEAP 2024.

Cornerstone Robotics Limited (CSR)

CSR is committed to developing practical and innovative solutions and providing high-quality medical devices for users and patients around the world. Sentire Endoscopic Surgical System, a surgical robot developed by CSR, will make its debut in the Middle East at LEAP 2024.

Fano Labs Limited (Fano Labs)

AI expert Fano Labs will introduce Callinter, an AI interaction analytics system, at LEAP 2024. Callinter empowers contact centres to analyse customer interactions and specialises in analysing call recordings in multilingual and mixed language settings.

FJ Dynamics International Limited (FJ Dynamics)

FJ Dynamics is a robotic company providing digital and autonomous solutions for agriculture, construction, and other sectors. At LEAP 2024, FJ Dynamics will be showcasing the three components of its Digital Construction Management Platform – 3D LiDAR Scanner, Digital Construction Machine Control System, and RTK Rover.

Floship Limited (Floship)

Floship is a leading global circular supply chain and fulfilment solution provider for global e-commerce brands and crowdfunding campaigns. First time joining LEAP, Floship will introduce its new warehouse and fulfilment locations across the Middle East and Australia.

Geek Plus International Company Limited (Geek+)

Geek+ is a global leader in reliable mobile robotics and a smart logistics provider. In 2023, Geek+ opened the first robotic e-commerce fulfilment centre in Saudi Arabia with Starlinks. At LEAP 2024, Geek+ will demonstrate how its picking robots maximise warehouse efficiency and boost picking accuracy.

Halo Energy​ Limited (Halo Energy)

Halo Energy is a provider of smart and sustainable electric-vehicle (EV) charging solutions. First time joining LEAP, Halo Energy will showcase its award-winning Active Load Management System, which optimises power distribution to maximise efficiency, along with other charging management platforms.

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 with a mission to position Hong Kong as an international innovation and technology (I&T) hub. HKSTP has created a thriving I&T ecosystem supporting over 10 unicorns with more than 13,000 research professionals and around 1,700 technology companies from 24 countries and regions focused on healthtech, AI and robotics, fintech and smart city technologies.

We offer comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures on their I&T journey. Our growing innovation ecosystem is built around our key locations of Hong Kong Science Park in Shatin, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long. The three InnoParks are realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined for a new generation of industry.

To support Hong Kong’s future development and its growing demands of the I&T industry, HKSTP is actively connecting the city with Shenzhen. This aims to strengthen cross-border exchange, attract technology companies as well as talent from around the world, helping them go global by exploring the mainland China and overseas markets.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen, opened in September 2023 with a gross floor area of 31,000 square meters. The two buildings provide both dry and wet laboratories, co-working areas, conference and exhibition spaces, and more. We will focus on attracting enterprises in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability.

Through our infrastructure, services, expertise, and network of partnerships, HKSTP will help establish I&T as a pillar of growth for Hong Kong, while reinforcing the city’s international I&T hub status as a launchpad for growth at the heart of the GBA innovation powerhouse.

More information about HKSTP is available at www.hkstp.org.

Media Contact:  
HKSTP

Gloria Ip

Tel: +852 2629 6770 / 9215 6251

Email: gloria.ip@hkstp.org

Edelman Public Relations

June Wong

Tel: +852 3756 8623 / 6986 5822

Email: June.Wong@edelman.com/

Edelmanhkstppr@edelman.com

 

WadzPay’s Dubai entity receives Virtual Asset Service Provider (VASP) Licence from Dubai’s Virtual Assets Regulatory Authority

Issuance of licence is subject to meeting pre-operating requirements and qualifications for operational approval

WadzPay’s Dubai Entity Receives VASP Licence from VARA

WadzPay’s Dubai Entity Granted VASP Licence. Poised to Revolutionize Virtual Asset Transactions in Middle East.

DUBAI, United Arab Emirates, Feb. 28, 2024 (GLOBE NEWSWIRE) — WPME Technology, the Dubai-based entity of WadzPay, a leading fintech company specialising in blockchain based technology for virtual assets announced that it has been granted a Virtual Assets Service Provider (VASP) Licence for Virtual Asset Broker-Dealer service activities by Dubai’s Virtual Assets Regulatory Authority (VARA). The licence remains non-operational until the company fully satisfies all remaining conditions and select localisation requirements defined by VARA, following which it will be able to commence operations, subject to regulatory reverification and approval.

As one of the pioneers in blockchain based virtual assets technology, WadzPay is excited to deliver its innovative and industry-leading solutions to customers across Middle East while working closely with regulators in contributing to build a compliant and robust fintech ecosystem.

Mr. Anish Jain, Founder & CEO, WadzPay stated, “This licence showcases WadzPay’s dedication in promoting innovation in the field of virtual assets domain and blockchain technology bringing us a step closer to delivering world class solutions to businesses in Middle East.”

WadzPay aims to revolutionize the way people in the Middle East transact and manage virtual assets. WadzPay’s commitment to compliance ensures that financial institutions and their customers can confidently embrace the benefits of blockchain technology while adhering to regulatory standards, ultimately contributing to the growth and sustainability of the fintech ecosystem in the Middle East.

Mr. Ram Chari, Board Member and Group Director, WadzPay quoted, “This will further solidify WadzPay’s position as a trusted and reliable blockchain technology based financial service provider in the region. With the broker-dealer services, WadzPay will provide the technology to its clients to enhance the experience of their customers by enabling virtual assets transactions in a seamless and secure manner.”

To which Mr. Khaled Moharem, President – MENA & Europe at WadzPay, emphasized, “This cements our hard work and sets the stage for transformative blockchain solutions, promoting compliance and customer confidence in the Virtual Assets Industry.”

About WadzPay:

WadzPay was founded in 2018 in Singapore with a commitment to drive financial inclusion and revolutionise the virtual asset landscape. It is a leading global blockchain-based technology provider for virtual assets. The company’s innovative platform available as a SaaS offering provides secure, efficient, and transparent technology solutions, catering to businesses (B2B) and consumers (B2B2C). WadzPay works with large international companies, banks, and fintechs to enable virtual asset-based transaction processing, custody, and settlement. It operates across geographies spanning Asia Pacific, the Middle East, Africa, Europe, and the Americas.

For more information, visit www.wadzpay.com

About VARA:

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

For more information visit: www.vara.ae

For any media enquiries please contact:

Arijit Das

PR and Communications Manager

arijit.das@wadzpay.com

+91 9654930523

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/58f14eb8-1029-4e43-988c-02833036e716

GlobeNewswire Distribution ID 9053953

Trkiye rescues 17 irregular migrants in Aegean Sea

WASHINGTON: Trkiye rescued 17 irregular migrants in the Aegean Sea after Greek authorities pushed them back into Turkish territorial waters, authorities said Tuesday. Coast guard units rescued the migrants, including a child, from a rubber boat off Cesme district in the western province of Izmir on Monday, the Turkish Coast Guard said in a statement. Trkiye has been a key transit point for asylum seekers aiming to cross into Europe to start new lives, especially those fleeing war and persecution. Ankara and global rights groups have repeatedly condemned Greece's illegal practice, saying it violates humanitarian values and international law by endangering the lives of vulnerable migrants, including women and children. Source: Anadolu Agency

AI for Earth: New weapon in climate change mitigation arsenal

ISTANBUL: Since artificial intelligence (AI) erupted onto the scene, experts and scientists have been making inroads into using its potential to help humanity avoid climate calamity. Billions of people around the world face growing risks as the planet continues to approach 1.5 C of global warming, already manifesting in devastating disasters from flooding to droughts and heatwaves. Today, scientists and experts from diverse fields are devoting vast resources, expertise, and ingenuity in the quest to address this planet-wide threat, with AI, unsurprisingly, emerging as a promising avenue towards expediting this effort. According to a 2023 report by the Boston Consulting Group (BCG) and Google, AI can potentially mitigate between 5-10% of global greenhouse emissions by 2030. One of the ways AI can help make this happen is by sifting through massive expanses of digital data and finding patterns and insights that may prove crucial to assessing the challenge and potential solutions, according to Alp Kucukelbir , an adjunct professor of computer science at Columbia University. Besides being the chief scientist at Fero Labs, a company that offers AI-driven manufacturing process optimization software, Kucukelbir is also a member of Climate Change AI, a member of an international network of academics, industry members, and policymakers focused on the role machine learning can play in tackling climate change. 'Machine learning and AI technology are very good at taking very large amounts of data and finding the signal, the important parts, the salient parts from very large data,' Kucukelbir tells Anadolu in an interview on how AI can help, as well as hurt, climate action and policy. Besides detecting carbon and methane leakage, crunching mountains of data and scientific papers through AI empowers policymakers to make informed choices and implement effective climate strategies, according to Kucukelbir, who said: 'AI can help understand and access a much larger amount of information that helps us make better decisions about what to do about the climate.' From reducing energy consumption and waste to increasing the circularity of our economy and adapting to new realities, AI can help cut down on our impact on the environment. 'It could be the heating and cooling of buildings. It could be optimizing the route of maritime shipping so that you use less gas to make the same route. It could be the optimization of traffic lights to minimize the number of times cars stop and go up. So, all of these are cases where you're reducing the amount of energy, but you're achieving the same outcome,' explained Kucukelbir. 'The food system is a very good example of this. We use enormous amounts of fertilizer, herbicide, and pesticides on an industrial scale to make the food that we use. Using AI, you can really tailor exactly how much is needed so that you don't use excess amounts of these kinds of things.' Invaluable tool, no silver bullet Yet, as with any powerful tool, AI comes with its challenges and considerations. According to Ku cukelbir, 'The first thing to make sure that's very clear is what AI cannot do.' While AI has the potential to become an invaluable tool for climate action, it is important not to lose sight of the fact that it will still be humans who will have to actually take that action. 'AI, machine learning, and software cannot physically move molecules and physically change things,' he said. 'When we think about climate change mitigation, we need to remove the carbon in the air and we need to put less carbon in the air. This is the movement of carbon. AI is not directly doing these things.' Both AI's limitations and its strengths point to the importance of gathering data and ensuring that it is available to those who need to use it. 'AI is a data driven software technology. If we don't have data in a particular application area, we can't build good promising AI solutions,' says Kucukelbir. He and other experts have emphasized the need for governments to incentivize data gathering, standardization, and sharing acr oss universities, companies, governments, and others to 'make sure that we have a common area, a foundation for data.' 'But the biggest challenge in practice is the people and the talent challenge,' he underlined. For Kucukelbir, collaboration between experts in various domains and AI practitioners is key to unlocking AI's full potential in the fight against climate change. 'There are people who have dedicated their entire careers to specialty knowledge about energy systems, about making cement, about growing wheat, things like that. These are not the same people who have computer science, machine learning, AI expertise. 'And on the other side, machine learning, AI experts, they don't understand the actual domain application, they are not experts in those things,' he said. 'The biggest barrier there is to make sure that these two sets of people have effective ways of talking to each other, collaborating with each other. And my view there is that the tools that are being developed today are enabling that interaction going forward.' Carbon footprint and expert collaboration Ensuring collaboration will be crucial for the future of AI's role in addressing climate change, especially in overcoming ways that this technology could potentially impede efforts to stop global warming. Besides the carbon footprint of AI itself, Kucukelbir acknowledges the dual nature of AI, capable of either amplifying harmful practices or driving sustainable solutions. 'Just like any other technology, AI can be used to make the matter worse,' he said. 'What is the protection against that? It is the same protection that we have against all technology is to have a system that penalizes and disincentivizes such actions.' On the emissions that AI technology causes, Kucukelbir said this is also a critical concern as it rapidly becomes more widespread. One study that he was involved in showed that currently, greenhouse emissions due to AI are significantly less than 1% of the global total, though it remains uncertain what this figure wi ll be in the future. AI-enmeshed 'operating system of the world' Peering into the future, Kucukelbir paints a compelling picture of AI's role in shaping global sustainability efforts. Envisioning a world where it is seamlessly integrated into every facet of our lives. He foresees a future where technology guides us towards more efficient resource usage and sustainable practices. 'In the next five to 10 years, I see machine learning and AI as being quite literally part of the so-called operating system of the world. Every single sector of the economy will have AI and machine learning in it that is guiding us humans to make better decisions,' he said. 'They will be steering us towards minimizing the amount of waste, minimizing the amount of energy that we're using, but also making us more effective and efficient. We're going to be able to make more with less resources, make the same amount of things, faster.'??????? Source: Anadolu Agency

Technologies, legislation the biggest European markets’ challenges say speakers at CySEC event

New financial technologies and legislative developments at the EU level constitute the biggest challenges facing European markets, the chairs of the Cyprus and Greek Securities and Exchange Committees said during a roundtable discussion organised by the Cyprus Securities and Exchange Commission on Wednesday afternoon in Nicosia, in the presence of Finance Minister Makis Keravnos, Deputy Minister to the President Irene Piki, members of the Parliamentary Committee on Finance and other stakeholders. In his presentation, CySEC Chairman George Theocharides referred to the rapid technological evolution of capital markets and the growing demand for sustainable investments, which, he said, are significantly reshaping the global investment landscape and require close supervision. He also referred to the challenges of the current period, such as the uncertainty in the markets regarding the level of interest rates and consequently inflation, which is causing problems for both the European and the global economy and is diversifying the playing field between the US, Europe and Asia. For her part, the Chair of the Hellenic Capital Market Commission, Vasiliki Lazarakou, highlighted the cost of the green growth transition, as well as the volatile political environment in many parts of the world, including the US and the EU, with crucial elections taking place throughout this year. The two supervisors also referred to the implementation of the Markets in Crypto-Assets Regulation (MiCA) before the end of 2024, as well as the adoption of the Digital Operational Resilience Act (DORA), aiming to enhance the operational resilience of the financial sector. They also agreed on the need for closer cross-border cooperation between supervisors, given the changes in financial legislation, and coupled with the development of new technologies and the demand for more sustainable investment products, which they said ensures speed in information exchange on and the robust management of supervisory issues. In a brief intervention after the p resentations, Finance Minister Makis Keravnos commented on the different approaches between America and Europe in dealing with investment, adding that the EU has a tendency to overregulate that hurts competitiveness and economic growth. He also said that Cyprus is in favour of an EU capital markets union, as such a development would provide greater security for investors. During the discussion, questions were also asked to the heads of the two supervisory authorities on the main internal challenges they face as institutions, with Larazakou noting the difficulty of staffing due to complex procedures, while Theocharides pointed to the benefits of a possible privatisation and financial independence of CySEC without the need to rely on state sponsorship. Source: Cyprus News Agency

French premier accuses far-right Le Pen of being Putin’s soldier

ANKARA: French Prime Minister Gabriel Attal accused far-right Marine Le Pen, a leading figure in the rising far-right in the country in recent years, of being "Putin's soldier." The accusation comes amid escalating tensions in the French National Assembly over President Emmanuel Macron's statements regarding the potential deployment of troops to Ukraine. During a session of questioning in the assembly, Marine Le Pen, leader of the far-right National Rally Party (RN), criticized Macron's openness to the possibility of sending troops to Ukraine. "Sending troops to Ukraine is not out of the question," she said, adding that Macron's words posed an "existential risk for 70 million French people and especially French troops stationed in Eastern Europe." Le Pen sarcastically lambasted France's stance on supporting Ukraine, questioning the rationale behind prioritizing French military involvement over that of the US. 'While the US, the sole world empire, refuses to intervene, France seems eager to become the glo bal enforcer of justice. What divine law mandates this?" she said. Prime Minister Attal, in response to Le Pen's remarks, harshly reacted by referring to an article published in The Washington Post on Dec. 30, alleging RN's connection to Moscow. Attal accused Le Pen and her party of being pro-Russian, saying: "You were waiting for the first opportunity to remind us of your true loyalty (to whom)." "We should ask if Vladimir Putin's troops are already in our country. I'm talking about you and your circle," Attal said, accusing Le Pen of being "Putin's soldier." Attal also claimed that Le Pen advocated for a military alliance with Russia during the 2022 presidential campaign, stating: "If we had listened to you back then, we would not support Ukrainians against this attack." During the closing speech of the conference on supporting Ukraine, which was held in France on Monday, Macron said they would do whatever it takes to ensure that Russia does not win this war. To achieve this goal, Macron conveyed the message that "anything is possible," emphasizing that sending troops to Ukraine should not be ruled out. Source: Anadolu Agency

NATO concludes 1st Eastern Mediterranean patrol of 2024

ISTANBUL: NATO's Operation Sea Guardian (OSG) concluded its first focused maritime security patrol of the year in the Eastern Mediterranean, the Allied Maritime Command (MARCOM) said on Wednesday. Led by Turkish Capt. Adil TUFEKCI aboard the TCG Burgazada corvette, the three-week mission involved support from various air, surface, and subsurface assets from Trkiye, the US and Greece, including submarines, patrol aircraft, and intelligence units, MARCOM said in a statement. 'NATO Intelligence, Surveillance and Reconnaissance Forces also supported the Task Group throughout the patrol period,' it added. OSG aims to maintain Maritime Situational Awareness (MSA), deter terrorism, and foster cooperation among members.? This patrol marks the first of six planned operations scheduled for this year. Source: Anadolu Agency

‘The Womanly Face of War’ art exhibit opens in Nicosia

On Wednesday afternoon, the United States Ambassador to Cyprus, Julie D. Fisher, opened 'The Womanly Face of War' art exhibit at the passageway under Eleftheria Square in Nicosia, joined by Members of Parliament, representatives of the diplomatic community, government officials, and members of the public who came to express their support. As a press release by the U.S. Embassy in Nicosia notes, the exhibit, presented by the Embassy in collaboration with Sunseed Art and Resilient Ukraine, on the solemn occasion of the second anniversary of Russia's re-invasion of Ukraine, depicts and communicates the roles, challenges, and remarkable resilience of Ukrainian women. The art installation in Nicosia follows the exhibit's debut at the Limassol Old Port on February 22. The exhibit remains in Eleftheria Square until March 4, and will then move to Castle Square in Larnaca, completing its tour of three Cypriot cities through to International Women's Day on March 8, the press release concludes. Information on the exh ibit is available on the U.S. Embassy's website: https://cy.usembassy.gov/pr-the-womanly-face-of-war/ Source: Cyprus News Agency